Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were

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Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's time's interest earned (TIE) ratio?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Apr 11, 2017 12:02 PM

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Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were

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Income Tax Fundamentals 2013

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